HEBA Fastighets AB (publ) Stock Forecast
Green day on Monday for HEBA Fastighets AB (publ) stock after gaining 1.00%
(Updated on Jun 03, 2024)
The HEBA Fastighets AB (publ) stock price gained 1.00% on the last trading day (Monday, 3rd Jun 2024), rising from kr34.85 to kr35.20. During the last trading day the stock fluctuated 1.57% from a day low at kr34.95 to a day high of kr35.50. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks. Volume fell on the last day by -170 thousand shares and in total, 124 thousand shares were bought and sold for approximately kr4.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr35.27 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect HEBA Fastighets AB (publ) stock with a 90% probability to be traded between kr32.11 and kr35.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HEBA-B.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -0.142%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The HEBA Fastighets AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr34.76 and kr33.46. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HEBA Fastighets AB (publ) stock
HEBA Fastighets AB (publ) finds support from accumulated volume at kr34.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.550 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: kr34.05 (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (HEBA-B.ST) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect HEBA Fastighets AB (publ) to open at kr35.22, and during the day (based on 14 day Average True Range), to move between kr34.39 and kr36.01, which gives a possible trading interval of +/-kr0.81 (+/-2.29%) up or down from last closing price. If HEBA Fastighets AB (publ) takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr35.25 (0.14%) than the support at kr34.85 (0.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is HEBA Fastighets AB (publ) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HEBA Fastighets AB (publ) stock to perform well in the short-term period.
Current score: 1.777 Buy Candidate Unchanged
Predicted Opening Price for HEBA Fastighets AB (publ) of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| kr35.22 ( 0.0473%) | kr35.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEBA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.77 | 1.61 % | |
| R2 | 35.56 | 1.01 % | ||
| R1 | 35.43 | 0.644 % | ||
| Current price: | 35.20 | |||
| Support | S1 | 35.01 | -0.550 % | |
| S2 | 34.88 | -0.92 % | ||
| S3 | 34.67 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 35.25 | 0.142 % | ||
| Current price | 35.20 | |||
| Support | S1 | 34.85 | -0.99% | |
| S2 | 34.70 | -1.42% | ||
| S3 | 34.05 | -3.27% |
HEBA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | kr0 | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr0.450 | 1.49% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr0.80 | 1.27% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr0.650 | 1.11% |
| 5 | May 06, 2020 | May 06, 2020 | May 06, 2020 | kr0.600 | 1.40% |
FAQ
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